iifl finance has allotted USD 300 million 7.60% Fixed Rate Senior Secured Notes due 2030 under its USD 1,500,000,000 Global Medium Term Note Programme. The Finance Committee approved the allotment on July 10, 2026, pursuant to the powers delegated by the Board of Directors. The issuance was conducted via an offering circular dated May 25, 2026, read with a supplement offering circular dated July 01, 2026.

The Notes are issued under Regulation S and/or Rule 144A of the U.S. Securities Act, 1933. They will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited. The instrument carries a credit rating of B+ / B+ / Ba3 from S&P, Fitch, and Moody's respectively.

Key Terms of the Issuance

The Notes have a tenor of 4 years, maturing on July 10, 2030. The coupon rate is set at 7.60% per annum, payable semi-annually on January 10 and July 10 each year, commencing January 10, 2027. Redemption will occur at par on the maturity date.

Security and Use of Proceeds

The Notes are secured by a first ranking pari passu charge over all present and future receivables and assets of the company. This includes accounts, operating cash flows, current assets, book debts, loans, and advances, subject to the Security Coverage Ratio defined in the Offering Circular. The specified denominations for the Secured Notes are U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof.

Proceeds from the issuance will be utilized in accordance with the company's Social Financing Framework. The funds are earmarked for onward lending and supporting the growth of the company's business, in compliance with External Commercial Borrowing (ECB) Regulations.

IIFL Finance priced USD 300 million fixed rate senior secured notes due 2030 with a coupon of 7.60% per annum. The notes, part of the company's USD 1.5 billion Global Medium Term Note (GMTN) programme, were approved by the Finance Committee on July 02, 2026. Proceeds will be used for onward lending and business growth in accordance with the company's Social Financing Framework and ECB Regulations.

The notes have a tenure of four years, with an allotment date of July 10, 2026, and a maturity date of July 10, 2030. Interest will be paid semi-annually on January 10 and July 10 each year, commencing January 10, 2027. The issue carries an expected rating of B+ / B+ / Ba3 from S&P, Fitch, and Moody's respectively.

Security for the notes includes a first ranking pari passu charge over the company's present and future receivables and assets. This covers accounts, operating cash flows, current assets, book debts, loans, and advances, subject to the Security Coverage Ratio defined in the Offering Circular. The notes will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.

Key Details of the Issue

The issuance follows the Board's previous approval to upsize its GMTN programme to USD 2 billion to facilitate foreign currency borrowings. The company had also approved raising up to ₹10,000 crore through equity or other securities to bolster its capital base.